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Markets still in red
The markets continue to languish in red. The Sensex is now at 16,835, down 60 points.

Bajaj to ramp up Pulsar production
Bajaj Auto is betting big on its Pulsar bike and plans to ramp up production to 90,000 units per month in the next six months with a sales target of 1 million units per annum by the end of next financial year.

News of the day

Radio City Connect partners with Force India for Go Karting Championship
The Indian corporates have all the reasons to smile in this scorching summer of June, as they can take their teams on the fast track. Radio City Connect, activation arm of Radio City, India’s first and leading FM radio brand has partnered with Force India F1 team for Corporate Go Karting Championship across Mumbai, Delhi, Chennai, Bangalore and Hyderabad. Corporates from these five cities will get an opportunity to participate in the Maruti Suzuki Ritz presents Force India & Radio City Connect corporate Go Karting Championship.
Public Relations

IFC to provide $50 mn loan to Apollo Hospitals

World Bank Group member International Finance Corporation (IFC) today said it will give $50 million loan to healthcare major Apollo Hospitals for providing high quality services to smaller cities across the country. - Fortis pares gains, ends flat - Apollo drops Wockhardt buyout plans - Banks seek more sops for core financing - Max India shareholders plan raising Rs 150 cr - Iffco Tokio to introduce weather index for insurance - Crisis-hit sectors should get more funds: plan panel "IFC"s financing will be used by Apollo to expand its network of "Reach Hospitals", which are designed specifically for less-developed population centres," IFC said in a statement. Apollo Hospitals expects to set up 15 new hospitals in the next three years, an initiative that will create significant employment opportunities for local medical professionals, it added. "The project aligns with our strategy to invest in healthcare, one of India"s largest service industries where the private sector"s involvement is most critical," IFC Vice President Rashad Kaldany said. Apollo has long been one of IFC"s key strategic clients both in the region and globally, given the scope of its operations and its willingness to invest in smaller cities as well as outside the country, Kaldany said. Apollo Hospitals is leading private healthcare services provider in the country.


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